NZD/USD – 1H – SELLThe currency pair New Zealand Dollar/US Dollar (NZD/USD) jumps from the ascending trendline downwards
A bearish descent down to the next support line at 0.55715 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 0.56030 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Three Black Crows’ candlestick pattern is existing. The candles form ‘Three Black Crows’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ heading down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.57926 |
| 2nd High | 0.56922 |
| Next High | 0.56030 |
| Current Price | 0.55828 |
| Next Low | 0.55715 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – NZD – NZD/USD – USD – Three Black Crows